The wholly owned* CESAR property is located along the Andean Belt, the worlds #1 producing copper belt, 420-km north of Bogota, NE Colombia. The 40-km long CESAR target zone lies nearby major infrastructure and mining operations (BHP, XStrata, Anglo American). CESAR is very similar to Kupferschiefer, the worlds #6 copper and #1 silver producer. The 11-km AM NORTH zone is open in all directions with highlight values of 34.4% copper + 305 g/t silver across 0.5-metre continuous horizon. The 4 x 3-km AM SOUTH zone is 40-km SWW of AM North and is open in all directions, with highlight values of 5.8% copper + 80 g/t silver from 0.1 to 25-metre horizon intervals. MAX aims to continue to expand the CESAR to Kupferschiefer footprint comparison.
*Subject 15% Profit Share of Product. Max has exclusive first right to buy.
Kupferschiefer: worlds #6 copper + #1 silver producer: 1.5% copper + 49g/t silver mining from 500m depth with 2-metre mining width; mineralization spread over 300sq.km
CESAR target: 1.0% copper + 20 g/t silver mineralization at surface; 300sq.km mineralization target
CESAR: proven Kupferschiefer exploration model:
CESAR | KUPFERSCHIEFER | |
Lithology | Sediment hosted | Sediment hosted |
Mineralogy | Copper oxides, Chalcocite, Covellite, Native Copper | Chalcocite, Covellite, Bornite, Chalcopyrite |
Depth | Mineralization Cropping on Surface | Mineralization starts at 500-metre depth Mining is done at depth below 700-metre |
Dimensions | AM North - Herradura: 4 x 2 km AM North – Ventana: 3 x 2 km AM South - Molino: 3 x 4 km All 3 areas potentially connect forming over 40 km long and minimum 5 km wide (and open down dip) mineralized horizon |
15 x 20 km (approx.) |
Grade | Target; Bulk tonnage, grades of 1.0% copper + 20 g/t silver Highlights: 43.4% copper and 305 g/t silver (AM North) Highlights: 5.8% copper and 80 g/t silver (AM South) |
Bulk tonnage,1.49% copper and 48.6 g/t silver |
Thickness | 0.1 to over 5.0-metre | 0.5 – 5.5-metre (mineable width 2-metre) |
Mineralogy | Copper oxides, Chalcocite, Covellite, Native Copper | Chalcocite, Covellite, Bornite, Chalcopyrite |
Mining Method | Open pit followed by underground accessed by ramps | Underground via shafts |
Metallurgy | Not done, copper & silver extraction via flotation process | Flotation |
Size: 11-km stratabound Copper-Silver mineralized zone
AM North Discovery: Herradura and Ventana, 11-kms apart
Herradura Zone: stratabound copper + silver mineralization open in all directions located at the northern end of an 11-km zone, highlight grades at various intervals: 4 to 34.4% copper and 28 to 305 g/t silver
Ventana Zone: located at the southern end of the same mineralized zone. Stratabound, only 3 x 1.8 -km mapped, open in all directions, highlight grades of 2.1 to 4.6% copper and 7 to 22 g/t silver
“Herradura Discovery” open in all directions, returning highlight values of 24.8% copper + 230 g/t silver continuous 4-metre by 1-metre outcrop and 34.4% copper + 305 g/t across 0.5-metre
Bulk samples 1.8-km apart returned 9.4% copper + 79 g/t silver and 3.5 % copper + 29 g/t silver
Max cautions investors the presence of stratabound copper-silver mineralization at Kupferschiefer is not necessarily indicative of similar mineralization at Cesar.